Frst is a Paris-based pre-seed and seed firm founded in 2019 by Pierre Entremont and Bpifrance-backed partners, with a presence in San Francisco. It positions itself as a day-one investor, committing at the earliest possible point and aiming to decide within two meetings and 48 hours. It is investing from Frst 3, a $100M vehicle raised in 2023, with an average first cheque of around $2M. The firm reports having deployed roughly $200M across about 70 companies, including Pigment, Owkin, PayFit, Shippeo, Doctrine, Electra, Riot and Poolside.
Investment thesis
Frst is a Paris seed venture capital firm that invests on day one, often before a company is incorporated or has a product, and says it reaches most decisions in two meetings and forty-eight hours. Its average first cheque is about 2 million dollars. It raised a 100 million dollar third fund in 2023 and has deployed 200 million dollars over ten years backing European founders, with a second office in San Francisco.
Past investments
| Company | Round | Date | Round size |
|---|---|---|---|
| Spiko Paris, France | Series B | Oct 2026 | €79.9M |
| Freeda Paris, France | - | Nov 2025 | €3.4M |
| Poolside Paris, France | Seed | Aug 2023 | €115.6M |
| Electra Paris, France | Seed | Jun 2021 | €15M |
| Pigment Paris, France | Series A | Dec 2020 | €24.1M |
| Riot Paris, France | Seed | Mar 2020 | €2.6M |
| Doctrine Paris, France | Seed | Oct 2016 | €2M |
| PayFit Paris, France | Series A | Oct 2016 | €5M |
| Shippeo Paris, France | Seed | Mar 2016 | €2M |